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The recession depending on who you ask seem to be either mild or not happening. All the government indicators (recent inflation, gdp, jobs report) seem to paint
by allisdust 4y ago
The recession depending on who you ask seem to be either mild or not happening. All the government indicators (recent inflation, gdp, jobs report) seem to paint a thriving economy.
So why are these companies still shedding jobs? I'm starting to wonder if the tech industry is disproportionately impacted similar to dot com bubble from 2000.
- thwayunion 4y ago1. Duration. A short and mild recession might be something you hold through. A decade of zero growth -- while technically "no recession for the next decade" -- is quite different, especially for companies (like tech) whose current employment levels are targeted toward growth. 2. Disparate impact. You can have low or no GDP decline while still seeing some sectors take massive short-term and long-term hits.
- Gustomaximus 4y agoI assume they see the recession coming and look to shed cost early rather than wait until deep into recession. Profits will be down so need to offset cost. Keep the share price high and get those option bonuses.